NAB specialists and clients from across the bank’s Fund Sponsors, Strategic Investors and Alternative Assets (FSA) business gathered over lunch recently to share career stories and advice on promoting greater diversity and inclusion.
July 11, 2018
AUD/USD in the 0.70-75 bucket
AUD/USD is now expected to be largely contained within a 0.70-0.75 trading range.
- AUD/USD fall from above 0.78 since mid-April has its roots in an exodus from Emerging Markets, AUD demonstrating its credentials as the preferred China/broader EM financial and economic risk proxy.
- Falls in commodity prices in June (e.g. industrial metals circa -8%) also now weighing, at the same time as (negative) AU-US interest rates differentials continue to widen.
- AUD/USD is now expected to be largely contained within a 0.70-0.75 trading range.
- Importers: May want to view a move back to or above 0.75 as advantageous for shorter and longer dated hedging.
- Exporters: Near term may want to consider moves below 0.73 as attractive for repatriation/additional hedging.
For further FX, Interest rate and Commodities information visit nab.com.au/nabfinancialmarkets
